Binance CEO Changpeng Zhao talked about how he entered the Bitcoin and cryptocurrency market and evaluated Bitcoin’s future. Zhao, one of the most famous names in the industry, explained that he first invested in Bitcoin in 2013, and this investment “stressed him.”
Zhao, the CEO of Binance, the world’s largest exchange in terms of trade volume, participated in the joint broadcast with MicroStrategy CEO Michael Saylor. During the broadcast, Zhao talked about his personal story and evaluated the current situation of the Bitcoin and crypto money world.
He First invested in 2013
Binance CEO Changpeng Zhao announced that he first became aware of Bitcoin, launched in 2009, in July 2013. Zhao said that he made his first Bitcoin investment two months later, in October 2013. Changpeng Zhao; In December 2013, he made a radical decision and started selling everything he owned, including his house. Zhao’s reason for doing this was to devote himself entirely to the cryptocurrency industry. Zhao said that after this point, he bought Bitcoin for a price of $ 600, and the price started to decrease. Zhao recalled those times as “stressful.”
During the broadcast, Changpeng Zhao called out to investors in the cryptocurrency industry and gave them some advice. Zhao said that not everyone has to trade daily, in other words, to be a trader.